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Metropolitan Coin Club of Atlanta

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News Release

Coin widows night out

June 4, 2014 by News Release

Chicken Parmesan
Mimi’s Cafe parmesan-crusted chicken breasts fried until golden, topped with spicy pomodoro sauce and melted mozzarella cheese. Served with fresh linguine.

Attention ladies! At the club’s second meeting this month, Saturday, June 21, you are invited to join the newly formed, fun-loving (and hungry) group of ladies who have initiated a ladies night out during the meeting.

If you are interested in having a good meal and an evening of no coin talk, please call Marilyn Fivaz at (770) 396-6616 by Saturday, June 14 to let her know that you are interested.

The group will assemble at the meeting at 6:15 p.m. and motor over to Mimi’s Cafe for fun and frolic, then return to the meeting by 9:30 to catch their rides home.

During the second meeting in May, several ladies attended the inaugural get together and a good time was had by all. So. they would like to invite other coin widows to join them this month.

If you are interested, please don’t forget to call Marilyn by June 14.

Filed Under: Club

Friedberg’s paper money book, fourth edition, released

May 23, 2014 by News Release

us-paper-money-4ed-coverBuilding on the scope of Robert Friedberg’s groundbreaking research, the Guide Book of United States Paper Money, fourth edition, is an engaging history and price guide of the paper currency of the United States. The full-color, 416-page book is available for $24.95 online (including at WhitmanBooks.com) and from booksellers and hobby retailers nationwide.

The Guide Book describes in detail every federal note from the ultra-rare Demand Notes of 1861 to the lunch money in our wallets today. Fascinating narrative captures the romance and history of American paper money, and also explores recent developments in the hobby and market, including the latest Federal Reserve Notes up to the Series of 2009 $100. The book combines the hobby-standard Friedberg numbering system with retail values in multiple grades. It is illustrated with hundreds of high-resolution full-color images.

“The first three editions of the Guide Book of United States Paper Money were very popular with collectors and dealers,” said Whitman publisher Dennis Tucker. “We’ve seen a dramatic increase in interest in paper-money collecting since the first edition was published in 2005. New collectors are constantly joining the hobby, so we’ve designed the fourth edition for newcomers as well as longtime hobbyists.”

Authors Arthur and Ira Friedberg are well known in the numismatic world. They have been professional numismatists for more than 30 years. Both joined their father’s family firm, The Coin & Currency Institute, after college. Since then they have established themselves as award-winning authors, coin dealers, researchers, and numismatic consultants to numerous governments and organizations.

Chapters cover notes from $1 to $10,000; Fractional Currency; Treasure notes of the War of 1812; encased postage stamps; error notes; signatures on U.S. currency; uncut sheets; and other hobby topics. The book includes a glossary and a bibliography for further research.

Filed Under: Books

New Encyclopedia of Obsolete Paper Money

May 16, 2014 by News Release

opm-vol-1-coverWhitman Publishing announces the impending release of volumes 1 and 2 of the Whitman Encyclopedia of Obsolete Paper Money, by Q. David Bowers. Each volume is an 8.5 x 11–inch hardcover book printed in full color on high-quality paper. Volume 1 is “An Introduction for Collectors and Historians.” Volume 2 is the first of three volumes on the New England states. The books will debut at the Memphis International Paper Money Show, June 12, 2014. After that they will be available from booksellers and hobby shops nationwide, and online (including at www.Whitman.com), for $39.95 each. The books can also be borrowed for free as a benefit of membership in the American Numismatic Association, through the Dwight N. Manley Numismatic Library.

The Whitman Encyclopedia of Obsolete Paper Money is a multiple-volume study of currency issued from 1782 to 1866, before the modern era of National Banks and the Federal Reserve. Over the course of these decades more than 3,000 state-chartered banks issued their own paper money.

In this magisterial set of standard references, the “Dean of American Numismatics,” Q. David Bowers, has compiled decades of research from 18th- and 19th-century bank reports, contemporary newspapers, and other primary sources. He gives the history of every state, every town and city, and every bank that issued this uniquely American currency. Each note is studied, and thousands are pictured in full color, with information on grading, rarity, values, significant auction results, advice for collectors, and more.

Active collectors, researchers, dealers, historians, and other experts have volunteered their time and knowledge to help create this new encyclopedia series.

The Whitman Encyclopedia of Obsolete Paper Money is a project of grand scope, a gathering of stories about our nation—from small town to big city, from the early days following the Revolution to the tribulations of the Civil War. It paints a beautifully detailed landscape of America and its early money.

The 288-page volume 1 is the beginning of the journey: an introduction to obsolete paper money and an overview of the hobby. In the 752-page volume 2, Bowers gives the history of every town and city, as well as of every bank that issued this uniquely American currency, in the New England states of Connecticut, Maine, and New Hampshire.

Future volumes will cover the Mid-Atlantic states, the American Midwest, the South Atlantic states, the District of Columbia, and territories.

What People Are Saying About the Whitman Encyclopedia of Obsolete Paper Money

Bowers’s accomplishments in the field of numismatics are legendary. Every serious collector and dealer of obsolete paper money will find this vital reference the backbone to his or her collection or business.

— C. John Ferreri, numismatic researcher and historian

Destined to become a landmark event in the unfolding history of U.S. paper-money collecting. These works should be on the shelves of our institutions of higher education and in historical societies of all the states covered.

— Fred Reed, editor, Paper Money Magazine

Filed Under: Books

New Morgan dollar book by Miles Standish

May 7, 2014 by News Release

morgan-dollar-standish-coverWhitman Publishing announces the release of Morgan Dollar: America’s Love Affair With a Legendary Coin, by Michael “Miles” Standish. The 160-page hardcover book will be available May 27, 2014, from booksellers and hobby shops nationwide, and online (including at Whitman.com), for $29.95.

Miles Standish is vice president and senior grader of PCGS. His new book presents an engaging history and coin-by-coin study of the famous Morgan silver dollar. Morgan Dollar: America’s Love Affair With a Legendary Coin features the recollections of famous dollar dealer John B. Love, beautiful high-resolution photographs of the Coronet Collection (ranked by PCGS as the “Number One Finest Morgan Dollar Set of All Time”), certified-coin populations, retail prices in multiple grades, and other valuable contents for collectors, investors, and students of American history.

“I predict that this will be the ‘go to’ book on the Morgan dollar,” said John Mercanti, 12th chief engraver of the U.S. Mint, who wrote the foreword. “It’s informative, easy to read, and perfect for the experienced Morgan collector or for the new collector just starting out.”

Various sections discuss America during the Morgan dollar era; the anatomy of the coin’s design; a market study going back to 1946; a year-by-year analysis of the series, including Philadelphia, New Orleans, Carson City, Denver, and San Francisco coins; and Morgan dollar Proofs. For further research the book is rounded out with end notes, a bibliography, and an index.

Morgan Dollar: America’s Love Affair With a Legendary Coin can also be borrowed for free as a benefit of membership in the American Numismatic Association, through the Dwight N. Manley Numismatic Library.

Filed Under: Books

Successor sought

May 1, 2014 by News Release

MCCA held an exceptional 50th anniversary party at the Sage Woodfire Tavern off Ashford Dunwoody Road March 29th. The Party was attended by 72 MCCA members and Guests, which was a record attendance for any MCCA event or party during my 12 year tenure as President. John Lyons and his party committee did an outstanding job organizing a memorable and fun evening out. Encased 1964 nickels were presented to each attendee. The new MCCA silver rounds were available for purchase, club scrap books were available to peruse from earlier years, John Phipps had an excellent display of previous anniversary medals and rounds, and the food and drink was delicious. One of our guests, ANA Governor Mike Ellis, presented two special awards to members of our club on behalf of the ANA. I hope everyone had a great time and enjoyed the evening. Again, my sincere thanks to the Anniversary Committee for a great 50th anniversary party!

As predicted. the Baseball Commemorative Coin Program with a March 27 release has been a resounding success. The 50,000 gold coins sold out in the first three days. The 400,000 silver dollars sold out in 11-12 days (depending on the source of information). Secondary market prices are continuing to climb. As of April 30, dealers are currently purchasing the raw gold coins for $800 each (proof or MS) and the raw silver dollars for $80 each (proof or MS). Slab prices on TV for the special first day coins are $3500 FOR MS/PRF 69, $5000 for MS/PRF 70. Ad prices for coins through normal channels show the “69” graded gold coins offered at $1395, “70” coins offered at $1795-$1995. Silver dollars selling for $400-$500 each. Prices have not yet stabilized, but it looks like you’ll be able to “sell one to pay for two”, which is never a bad deal. I hope you were able to take advantage of the promotion while the coins were available.

The annual bullion game is on! Turn in your best forecast of what gold and silver prices will be at close on Kitco, November 28th, the last business day of November. Please turn in your prediction in writing, with your name, date and time submitted. The person closest (over or under) to the actual numbers will win a 2014 gold 1/10 oz AGE or a 2014 proof ASE. In case of a tie, the guess turned in earliest wins. I hope everyone can participate. Turn in your predictions by the end of the second May meeting. Good luck!

The previous e-mail mentioned that sheets of the new $100 bills were released at the ANA show in Atlanta February 27. I’ve been told that the owners of the first 4-note sheet signed by Rose Rios have turned down an offer of $4000 for the sheet (that they purchased from the BEP for $480). Just goes to prove again that spending money to buy money can be a rewarding, if hard to comprehend, activity.

Keep in mind that Norman Thomas and Mark Arneson have volunteered to co-manage the YN program for 2014. If you have any ideas for our YN program, or want to help out, see Mark or Norman for details. YN programs will continue to be at the first meeting of the month in room #5 at 6:30.

As always, Norman is looking for volunteers to bring refreshments and provide the educational talks at each meeting. We’re off to a great start for 2014. Please see him to volunteer for a spot. The club will reimburse up to $35 towards refreshments if you turn in your receipts. Hopefully everyone can volunteer once a year to keep the food and programs fresh.

Ron Thompson received enough orders to put through a second order of club shirts. If you haven’t picked up yours yet, please see Ron at the next meeting. Now that we’ve done a second order, it will be a while before we try to order again. I hope everyone enjoys their shirts and will wear them to our meetings as well as to outside coins shows and events.

As most of you know, I plan to step down as president of the club at the end of 2014. I’m recruiting any interested parties to step in with some new blood and carry the club forward starting in 2015. If interested, please speak to me or one of the board members and let them know of your interest.

Filed Under: President's Coiner

Coin collecting hazardous?

May 1, 2014 by News Release

Have you ever thought of numismatics as being hazardous? Currently in the news are reports of over 3000 different types of bacteria on each piece of currency that we handle. This includes anthrax and diphtheria. While bleaching your currency would kill the bacteria and improve the appearance of the note, it does ruin the numismatic value of that note. The up side to this is maybe this information could be used to encourage the use of dollar coins.

Cents: Finally found my first 2014 cent on April 6th, it was from Philadelphia. Finding a Denver mint issue could take a while, I still haven’t pulled a 2013-D from circulation. Stumbled across a nice 1970-S cent. Found a 1978 full red cent in change that looked like it came from a fresh roll.

Nickels: Some nice 1964 Jefferson’s this time. It is hard to go through a roll of nickels and not find a five cent piece from that year. The combined mintage for the year 1964 is almost 2.8 billion. They still show up every day and they are now fifty years old!

Dimes: Still have not found anything to mention yet this year. I usually find new dimes fairly early in the year but no 2014 dated examples yet.

Quarters: Just received a beautiful 2013 Mt. Rushmore twenty-five cent piece. I am still receiving fresh mint state quarters from previous years as they slowly make their way into circulation. Three 2012 quarters coming out of a new bank wrapped roll were handed to me a one time.

Currency: Just old smelly, dirty, bacteria infested money. I am spending it as fast as I receive it!

Well I am going to continue my street collecting, hoping to keep the street off of my collection. I never used a coin laundry before however I see them everywhere. Maybe I should start running my change and currency through one?

Filed Under: Street Level Collecting

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